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Resistance From $1.4097 Continues To....>

CABLE TECHS: Resistance From $1.4097 Continues To Rebuff Rallies
*RES 4: $1.4201/04 Mar 28 high, base broken bull channel
*RES 3: $1.4174 Hourly high Mar 27
*RES 2: $1.4134 Initial low Mar 28, now resistance
*RES 1: $1.4097 Mar 29 high
*PRICE: $1.4081 @1507GMT
*SUP 1: $1.4011/15 Mar 30 low, intraday low
*SUP 2: $1.3979/83 50% Fibo of $1.3712-$1.4245, Mar 20 low
*SUP 3: $1.3958 1.618 swing $1.4011-$1.4097, 1% vol band
*SUP 4: $1.3930 Mar 6 high, now support
*COMMENTARY* Has faltered again overnight at the $1.4097 resistance level and
while this continues, the risk will once again turn to the downside. Initial
support from $1.4030 now, before again entering into the $1.4011-$1.3979 area.
Any lower and dual support from $1.3958 today, keeps pressure off
$1.3930-$1.3916. Above $1.4097 and scope to increase gains toward
$1.4134-$1.4174 but $1.4201-$1.4204 is the tougher ask higher.

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